Top 100 Building Event
1825
1825
Expansion and Reform Era
Top 100 Building Event
What Americans Were Trying To Do
Connect western farms and eastern markets, reduce transportation costs, and grow New York's economy.
What Happened
New York financed the Erie Canal largely through state bonds backed by tolls. The canal connected the Hudson River to the Great Lakes and changed trade routes.
How Public Finance Made It Possible
Public finance turned geography into economic opportunity by making interior trade cheaper and faster.
What This EnabledFarmersmerchantsmigrantscities benefited from lower freight costs
How Americans BenefitedFarmersmerchantsmigrantscities benefited from lower freight costs
Anchor Events
Defining Moments
